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Individual neighborhoods within Parker differ in their investment potential, sometimes by a great deal. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded.
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Popular Neighborhoods in Parker
In the latest quarter, Parker's appreciation rate has been 4.00%, which annualizes to a rate of 16.99%. The average homes sell for about 1% below list price and go pending in around 19 days. The average homes sell for around list price and go pending in around 12 days.
As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Conforming refers to a mortgage that both meets the underwriting guidelines of Fannie Mae or Freddie Mac and that doesn't exceed the conforming loan limit, a figure linked to an index published by the Federal Housing Finance Board.
Featured Listings
Homes in Parker receive 2 offers on average and sell in around 28.5 days. The average sale price of a home in Parker was $585K last month, down 5.6% since last year. The average sale price per square foot in Parker is $218, up 2.3% since last year. The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units. Percentages are based on the number of housing units for each type over the total number of units across all types.
It is popular because it is a convenient and quick commute to the many businesses in the Denver Tech Center, Inverness Business Park and Meridian Office Park. A new western extension of Hess Road, planned for completion about 2010, will make access to I-25 even more convenient for residents of south Parker, who must now use congested Parker Road or Lincoln Avenue to get to I-25, DTC and downtown Denver. The Town of Parker Colorado is in north eastern Douglas County, east of I25, and south of C-470. While most of Parker is within Douglas County, there are also some parts of western Elbert County that are serviced by the Parker Colorado post office, and so those homes also may have Parker mailing addresses. The Homes.com Automated Valuation Model provides an estimate of the home value of every on and off market property in the US. Home values in Parker, CO are 111%above the median home value in the United States.
Recently sold homes
In Sep '22 - Nov '22, 31% of Parker homebuyers searched to move out of Parker, while 69% looked to stay within the metropolitan area. Find out the number of homebuyers searching to move in and out of Parker, plus the top relocation destinations. While the Denver area light rail system does not extend into Parker, there is a relatively convenient new light rail station at Parker Road and I-225, just north of the town of Parker. Parker is a rapidly growing area, with many new businesses and homes going up.
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred.
The information contained herein has been compiled from sources believed to be reliable. However, Dream Home Realty has not independently verified the same and makes no guarantee, warranty or representation about such information. Any site plans, renderings, marketing data, pricing and other terms are subject to change at any time.
Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data.
The proportion of homes and apartments in the city built within a certain time period. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Parker.
Acquisitions, sales, investments and leases have important tax and legal implications. Dream Home Realty Realty recommends that any party to a transaction consult their tax and legal adviser. Unfortunately, new home builders in Parker have not provided very well for age restricted homes or zero maintenance patio homes and cluster homes that are becoming more popular with today's "boomer" generation. Of the total homes in Parker, CO93% are for sale,7% are for rent, and79% are single family homes.
These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S. Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.
